This syndrome is hard to identify if you don’t know what you are looking for and I’ve been caught out far too many times.
All by Ruth
This syndrome is hard to identify if you don’t know what you are looking for and I’ve been caught out far too many times.
Hang on a moment, just doing the math here: 112 shares x $4.19058 = $469.35. Where did the other $30.65 of his $500 investment go?
If I told you about an investment you could opt into which could result in you potentially losing 50% of EVERYTHING you had, would you do it? I’ve already done it and I can tell you that it is the one investment I pay the most attention to.
It has taken me quite some time to learn about diversification and the impact it can have on my investing. But it turns out that I was actually diversifying even when I still had debt.
What would happen if I had been taken out by Mr Whippy the ice cream truck just then?
When we moved away from Wellington fifteen years or so ago our landlord at the time said “BUY property, BUY anything you can get your hands on, houses have never been so cheap and they are about to go UP in price”.
Bank accounts are not a set and forget. Banks change things and if you don’t watch much TV and have opted to receive statements and communications by email then you fall behind in what they are offering.
During our twenties and early thirties Mr Saver and I used to go “hunter gathering”. We literally called it that, like the effort of doing all that shopping would ensure the survival of our species. After a forty hour week at work we deserved to treat ourselves to some retail therapy.